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13 September 2018

Redmayne Bentley’s Top Trades

Below we take a look at the most frequently traded shares through Redmayne Bentley over the last couple of weeks and consider why they have been so popular.
 
SIRIUS MINERALS (SXX)
Index: FTSE 250
Sector: Mining
Market Capitalisation: £1,279.84m
 
Shares in Yorkshire fertiliser company Sirius Minerals slumped nearly 20% after the group reported that it would need an extra £463m to finish its Yorkshire potash mine, taking total costs to £3.1bn. This comes at a time when Sirius is already trying to raise around £2.3bn in debt financing. The group believes that its mining project, which it expects to complete in 2021, will create thousands of jobs and generate £100bn for the UK economy over the next 50 years.
 
WHITBREAD (WTB)
Index: FTSE 100
Sector: Travel & Leisure
Market Capitalisation: £8,520.69m
 
Shares in Whitbread were in strong favour with investors last week after it was revealed that it will sell its Costa Coffee chain to drinks giant Coca-Cola for £3.9bn. Whitbread had already announced that it would spin off Costa and the deal will end their 23-year ownership of the coffee shop, which it acquired for just £19m. Whitbread said that the majority of the sale proceeds would be returned to shareholders, while some would be used to focus on its faster-growing Premier Inn hotel business.
 
WPP (WPP)
Index: FTSE 100
Sector: Media
Market Capitalisation: £14,529.27m
 
Shares in WPP came under further selling pressure last week as the group lowered its profit margin guidance for the year. However, it wasn’t quite all doom and gloom for the advertising company as it reported its first quarter of like-for-like growth since Q1 2017, as it “performed strongly in terms of winning and retaining business over the period”. Chief Executive Officer Mark Read commented: “My focus will be on invigorating our company and returning the business to stronger, sustainable growth”.
 
Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews.
 
Please note that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. Past performance and forecasts are not a reliable indicator of future results or performance. Please note that this communication is for information only and does not constitute a recommendation to buy or sell the shares of the companies mentioned.
Redmayne Bentley’s Top Trades
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